Park Electrochemical Announces 74% Decline In Q2 Bottom Line

(RTTNews) - Park Electrochemical (PKE) revealed a profit for second quarter that dropped from last year.

The company said its bottom line declined to $0.52 million, or $0.03 per share. This was lower than $1.98 million, or $0.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.7% to $29.84 million. This was up from $29.06 million last year.

Park Electrochemical earnings at a glance:

-Earnings (Q2): $0.52 Mln. vs. $1.98 Mln. last year. -Earnings Decline (Y-o-Y): -73.7% -EPS (Q2): $0.03 vs. $0.10 last year. -EPS Decline (Y-o-Y): -70.0% -Analysts Estimate: $0.13 -Revenue (Q2): $29.84 Mln vs. $29.06 Mln last year. -Revenue Change (Y-o-Y): 2.7%